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(TMB) Tamilnad Merca complete technical analysis [charts+indicators] | Buy/Sell Tamilnad Merca | (TMB) share price targets

Complete technical analysis of Tamilnad Merca (TMB) by charts plus indicators, forecast predictions and share price targets for Tamilnad Merca (TMB)

Showing technical analysis as on 2024-08-29 View latest technical analysis

10 day averaged volume of Tamilnad Merca is 110443

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	466.90	467.60	468.00	465.00	0.561 times
28 Wed Aug 2024	467.60	471.00	473.70	465.85	0.973 times
27 Tue Aug 2024	467.85	462.95	470.80	462.00	0.873 times
26 Mon Aug 2024	462.95	463.00	466.00	461.10	0.955 times
23 Fri Aug 2024	462.85	465.00	465.00	460.20	0.746 times
22 Thu Aug 2024	462.05	467.00	474.65	460.00	1.139 times
21 Wed Aug 2024	457.80	462.90	464.20	455.15	1.022 times
20 Tue Aug 2024	462.90	467.80	467.80	461.20	0.786 times
19 Mon Aug 2024	462.50	460.00	471.35	460.00	2.461 times
16 Fri Aug 2024	451.00	450.00	453.20	450.00	0.526 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 463.6, but if it comes below 463.6, then a intra day sell could be more profitable.
If you take a sell trade below 463.6, then use 463.6 as stoploss and 456.61 as target. However if you take a buy trade in stock , then use 463.6 as stoploss and 471.9 as target.

Share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Target	438.05
Upside Target	473.70
Upside Target	474.65
Upside Target	475.05
Upside Target	485.00
Upside Target	489.00
Upside Target	491.15
Upside Target	499.25
Upside Target	504.10

Intraday share price targets for Tamilnad Merca (TMB)

Target Type	Value
Downside Intraday Target	460.77
Downside Intraday Target	454.63
Upside Intraday Target	473.37
Upside Intraday Target	479.83
Upside Intraday Target	467.23

Weekly technical analysis of Tamilnad Merca (TMB)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	466.90	463.00	473.70	461.10	0.546 times
23 Fri Aug 2024	462.85	460.00	474.65	455.15	2.416 times
16 Fri Aug 2024	451.00	451.00	454.00	444.00	0.053 times
09 Fri Aug 2024	451.55	459.95	485.00	438.05	6.939 times
02 Fri Aug 2024	450.90	464.30	467.95	448.10	1.533 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Tamilnad Merca (TMB)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	466.90	463.00	485.00	438.05	2.655 times
31 Wed Jul 2024	462.60	472.20	489.00	454.75	1.007 times
28 Fri Jun 2024	471.30	464.50	499.25	446.00	2 times
31 Fri May 2024	455.95	486.00	491.15	453.00	0.771 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Tamilnad Merca (TMB)

Price action analysis of Tamilnad Merca ( (TMB) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Tamilnad Merca ( (TMB) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Tamilnad Merca ( (TMB) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Tamilnad Merca ( (TMB) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Tamilnad Merca stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Tamilnad Merca in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Tamilnad Merca Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Tamilnad Merca in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Tamilnad Merca is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 462.67 and Tamilnad Merca (TMB) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Tamilnad Merca (TMB) stock. Volume based technical analysis of Tamilnad Merca (TMB) stock is negative.

Tamilnad Merca Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.